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Caterpillar (CAT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, Caterpillar (CAT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $7.12 per share, reflecting an increase of 43.8% compared to the same period last year. Revenues are forecasted to be $20.58 billion, representing a year-over-year increase of 16.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Caterpillar metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Total sales and revenues- Machinery, Power & Energy- All Other Segments' will reach $70.45 million. The estimate indicates a year-over-year change of -3.5%.
The combined assessment of analysts suggests that 'Total sales and revenues- Machinery, Power & Energy- Construction Industries' will likely reach $7.84 billion. The estimate indicates a change of +16% from the prior-year quarter.
The average prediction of analysts places 'Inter-segment sales and revenue- Machinery, Power & Energy- Power & Energy' at $1.42 billion. The estimate points to a change of +6.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Total sales and revenues- Machinery, Power & Energy- Power & Energy' should come in at $8.58 billion. The estimate indicates a year-over-year change of +2.2%.
The collective assessment of analysts points to an estimated 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- Total' of $3.06 billion. The estimate indicates a year-over-year change of +9.8%.
Analysts forecast 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- All Other Segments' to reach $2.94 million. The estimate suggests a change of -2% year over year.
Based on the collective assessment of analysts, 'Sales and Revenues- Latin America- Machinery, Power & Energy- Total' should arrive at $1.93 billion. The estimate indicates a year-over-year change of +9.7%.
Analysts' assessment points toward 'Sales and Revenues- North America- Machinery, Power & Energy- Total' reaching $10.76 billion. The estimate indicates a change of +18.9% from the prior-year quarter.
Analysts expect 'Sales Volume - Machinery, Power & Energy - Power & Energy' to come in at $713.92 million. Compared to the present estimate, the company reported $870.00 million in the same quarter last year.
The consensus among analysts is that 'Price Realization - Machinery, Power & Energy - Power & Energy' will reach $213.86 million. Compared to the present estimate, the company reported $132.00 million in the same quarter last year.
Analysts predict that the 'Sales Volume - Machinery, Power & Energy - Construction Industries' will reach $746.10 million. Compared to the present estimate, the company reported $568.00 million in the same quarter last year.
The consensus estimate for 'Sales Volume - Machinery, Power & Energy - Resource Industries' stands at $417.26 million. The estimate compares to the year-ago value of $138.00 million.
Shares of Caterpillar have demonstrated returns of -16.4% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #2 (Buy), CAT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Caterpillar (CAT) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Caterpillar (CAT - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $7.12 per share, reflecting an increase of 43.8% compared to the same period last year. Revenues are forecasted to be $20.58 billion, representing a year-over-year increase of 16.7%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Caterpillar metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Total sales and revenues- Machinery, Power & Energy- All Other Segments' will reach $70.45 million. The estimate indicates a year-over-year change of -3.5%.
The combined assessment of analysts suggests that 'Total sales and revenues- Machinery, Power & Energy- Construction Industries' will likely reach $7.84 billion. The estimate indicates a change of +16% from the prior-year quarter.
The average prediction of analysts places 'Inter-segment sales and revenue- Machinery, Power & Energy- Power & Energy' at $1.42 billion. The estimate points to a change of +6.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Total sales and revenues- Machinery, Power & Energy- Power & Energy' should come in at $8.58 billion. The estimate indicates a year-over-year change of +2.2%.
The collective assessment of analysts points to an estimated 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- Total' of $3.06 billion. The estimate indicates a year-over-year change of +9.8%.
Analysts forecast 'Sales and Revenues- Asia/Pacific- Machinery, Power & Energy- All Other Segments' to reach $2.94 million. The estimate suggests a change of -2% year over year.
Based on the collective assessment of analysts, 'Sales and Revenues- Latin America- Machinery, Power & Energy- Total' should arrive at $1.93 billion. The estimate indicates a year-over-year change of +9.7%.
Analysts' assessment points toward 'Sales and Revenues- North America- Machinery, Power & Energy- Total' reaching $10.76 billion. The estimate indicates a change of +18.9% from the prior-year quarter.
Analysts expect 'Sales Volume - Machinery, Power & Energy - Power & Energy' to come in at $713.92 million. Compared to the present estimate, the company reported $870.00 million in the same quarter last year.
The consensus among analysts is that 'Price Realization - Machinery, Power & Energy - Power & Energy' will reach $213.86 million. Compared to the present estimate, the company reported $132.00 million in the same quarter last year.
Analysts predict that the 'Sales Volume - Machinery, Power & Energy - Construction Industries' will reach $746.10 million. Compared to the present estimate, the company reported $568.00 million in the same quarter last year.
The consensus estimate for 'Sales Volume - Machinery, Power & Energy - Resource Industries' stands at $417.26 million. The estimate compares to the year-ago value of $138.00 million.
View all Key Company Metrics for Caterpillar here>>>Shares of Caterpillar have demonstrated returns of -16.4% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #2 (Buy), CAT is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .